See You on the Other Side

/in , , /by Al Statz

Is a smooth transition possible when acquiring a business? I was was recently interviewed on this subject for the May 2011 issue of Entrepreneur Magazine …
Entrepreneur_1

Q:    I’ve started talks with a company’s owner to acquire her business. How do I make sure my first days as the new owner go … well, is smoothly asking too much?

A:    Ah, the first-time buyer. After talks get going, there’s always that day when you wake up and say, “Oh yeah, I’ll need to run this place.” A smooth transition isn’t too much to ask for–as long as you start working toward it early in the acquisition process. Your most important tools for a better Day One? A strong transition plan and the wisdom of the company’s original owner.

“In successful transactions, the principals have time, after the negotiating is done, to sit on the same side of the table and focus on the transition plan,” says Al Statz, president of Exit Strategies Group, a business brokerage, merger and acquisitions and valuation firm in Petaluma, Calif.

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 Click here to see the full Entrepreneur Magazine article.

Sonoma County Backroad Challenge Century Ride * May 21, 2011

/in /by Al Statz

The Petaluma Sunrise Rotary Foundation will host its annual Sonoma County Backroad Challenge cycling event on May 21, 2011. We invite you to ride and we invite your company or club to field a team of riders. 100 Km and 50 Km rides start and end at Lagunitas Brewery where there will be a post-ride meal, cold beer, live music, fun and fellowship until 5pm. We hope you’ll join us, have a great time, and make this an annual event. Tell your colleagues, friends, neighbors and relatives. Everyone is welcome.

LAGUNITAS BREWING COMPANY AND PETALUMA SUNRISE ROTARY FOUNDATION PRESENT:

SCBC

METRIC CENTURY & HALF-CENTURY RIDES

MAY 21, 2011 — PETALUMA, CALIFORNIA

Register:  www.backroadchallenge.com

Cost: $65 (50K), $75 (100K) includes meal. Jerseys $50.

All proceeds benefit Petaluma Sunrise Rotary Foundation. 

Email alstatz@exitstrategiesgroup.com for a list of suggestions on recruiting and organizing a team of riders, or if you’d like to receive a high resolution PDF ride poster to print and display or hand out.  We also need volunteers and event sponsors.

Rotary club members are volunteers who work locally, regionally and internationally to combat hunger, improve health and sanitation, provide education and job training, promote peace, and eradicate polio under the motto Service Above Self.